Iceland vs Norway: Expense, Transactions
Expense, Transactions over time
- Iceland
- Norway
How they compare
Norway currently reports 2.65 trillion against 2.17 trillion in Iceland, a difference of 476.11 billion.
That makes Norway's figure about 1.2 times Iceland's.
Across all 24 years both countries report, Norway has been ahead every year.
Iceland ranks 10th and Norway ranks 8th of 35 countries.
Norway has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 585.04 billion | 883.07 billion | 298.03 billion | Norway |
| 2010s | 1.03 trillion | 1.44 trillion | 405.70 billion | Norway |
| 2020s | 1.83 trillion | 2.24 trillion | 404.63 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expense, transactions, Iceland or Norway?
- Norway, at 2.65 trillion against 2.17 trillion in Iceland as of 2025.
- What is the difference in expense, transactions between Iceland and Norway?
- 476.11 billion, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 24 years are reported by both, from 2002 to 2025.
- How do Iceland and Norway rank globally for expense, transactions?
- Iceland ranks 10th and Norway ranks 8th of 35 countries.
- Where does this data come from?
- International Monetary Fund, published as Expense, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.